Broadstone Net Lease Adds $40 Million to its Committed Pipeline of Build-to-Suit Developments

Broadstone Net Lease Adds $40 Million to its Committed Pipeline of Build-to-Suit Developments

Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”) announced today that it has added one additional build-to-suit development for Tesla, Inc, with an estimated total project investment of $39.8 million. The project includes a new state of the art sales, service, and delivery (SSD) facility located in Las Vegas, Nevada sourced through an existing developer relationship, and is expected to rent commence in the fourth quarter of 2027.

BUILD-TO-SUIT DEVELOPMENT UPDATE

The following table summarizes the recently added build-to-suit development for Tesla, Inc:

(in thousands)